GlobeNewsWire
25 May 2026, 08:51 UTC · 1w ago
Expanse Studios Secures Colombia Market Certification
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GlobeNewsWire
25 May 2026, 08:51 UTC · 1w ago
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Expanse Studios, a subsidiary of Meridian Holdings (MRDN), has received regulatory certification to deploy three game titles in Colombia's online gambling market. — This opens a direct revenue stream in a regulated market and expands the addressable user base for MRDN's B2B segment.
+0.40Colombia's online gambling market generated $1.29 billion in 2024 and is projected to grow to $2.03 billion by 2029. — Strong sector growth targets suggest a high ceiling for the potential revenue capture by new entrants like Expanse Studios.
+0.20Expanse Studios is using the Colombian certification as a regulatory foundation to scale further across the Latin American region. — Strategic expansion into wider LatAm markets provides long-term growth optionality beyond a single country.
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The company's subsidiary, Expanse Studios, secured regulatory certification to enter the high-growth Colombian online gambling market.
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